No formal details have been finalized, as discussions on the specifics of Jackson's title and responsibilities continue to be hashed out. Still, Jackson is expected to provide an answer within the next few says, according to the report.

"The Knicks have a sense of what's going to happen," the source said. "And as of right now, it looks like Phil's taking the job. There's always the possibility of something falling apart at the last minute, but the Knicks' sense is that he's joining them."

Jackson will serve in a role more important to the Knicks' day-to-day operations than he did as a consultant for the Detroit Pistons during their coaching search. The Pistons eventually chose Maurice Cheeks, who was recently fired, as head coach.